Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (92122)	12/30/2009 7:31:59 AM
From: fred woodall	Read Replies (1) \| Respond to of 94695

Morning GZ. I practically fell out of my chair when I saw the gov. is going to throw more money at GMAC to cover mortgage losses. Hey what is another $3.5B on top of the $12.5B they already received? Taxpayer be damned they are willing to sell out our future all for a short term fix. SRS, FAZ and TZA fell into my buy zone so I'm long with small positions since yesterday. Will be interesting to see how the market reacts to this but I have no illusions since they didn't mind Geithner sneaking another $200B at Fannie and Freddie. We're in the Twilight Zone here!!!!